Billionaire moneymen Peter Thiel, Alan Howard and Louis Bacon have seen plenty of big paydays-but probably none as unusual as this one.
"Block.one is very much the odd one out in the crypto market," said Tom Shaughnessy, co-founder of Delphi Digital, a crypto research firm in New York.
The firm has so far made $US174 million in venture capital investments, either directly or through its partner funds, which include a tie-up with billionaire Mike Novogratz. All along, Block.one has said the money it raised from selling tokens would be funneled to developers building out its EOS platform, including a pledge to allocate $US1 billion to venture-capital firms investing in the network.A spokeswoman for Block.
Thiel, Bacon and Howard bought into the company in July 2018. Bacon and Howard declined to comment on whether they would tender their shares in the buyback. Thiel didn't respond to multiple messages.An earlier backer, fintech investor Christian Angermayer, doesn't intend to sell any shares. "Block.one is one of the most promising and best positioned companies in the blockchain industry, and its success story is just beginning," he said in e-mailed comments.
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